Price holding above ascending trendline support. A short term bounce above 1st support at 1.20622 towards 1st resistance at 1.21082 can be expected. Stochastic testing support where price reacted in the past as well.
Trading Recommendation
Entry: 1.20622
Reason for Entry:
78.6% Fibonacci retracement, ascending trendline support
Take Profit: 1.21082
Reason for Take Profit:
23.6% Fibonacci retracement
Stop Loss: 1.20233
Reason for Stop Loss:
Recent swing low
